Recent approaches to global optimization problems through Particle Swarm Optimization
Natural Computing: an international journal
Fuzzy Sets and Systems - Special issue: Optimization and decision support systems
Supply Function Equilibrium: Theory and Applications
HICSS '03 Proceedings of the 36th Annual Hawaii International Conference on System Sciences (HICSS'03) - Track 2 - Volume 2
The Deregulated Electricity Market Viewed as a Bilevel Programming Problem
Journal of Global Optimization
Bilevel optimization applied to strategic pricing in competitive electricity markets
Computational Optimization and Applications
An algorithm for fuzzy multi-objective multi-follower partial cooperative bilevel programming
Journal of Intelligent & Fuzzy Systems: Applications in Engineering and Technology - Fuzzy theory and technology with applications
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Strategic bidding problems are becoming key issues in competitive electricity markets. This paper applies bilevel optimization theory to deal with this issue. We first analyze generating company strategic bidding behaviors and build a bilevel optimization model for a day-ahead electricity market. In this bilevel optimization model, each generating company will choose their bids in order to maximize their individual profits. A market operator will determine the output power for each unit and uniform marginal price based on the minimization purchase electricity fare. For solving this competitive strategic bidding problem described by the bilevel optimization model, a particle swarm optimization (PSO)-based algorithm is. Experiment results have demonstrated the validity of the PSO-based algorithm in solving the competitive strategic bidding problems for a day-ahead electricity market.